PCAOB Announces Settled Disciplinary Orders Against Seven Audit Firms and Seven Individuals for Engagement Quality Review and Other Violations

Sourced through Scoop.it from: pcaobus.org

The PCAOB really has become active and aggressive. Whereas we have GAAS and GAAP, the PCAOB is becoming the enforcer along with the SEC. An interesting dynamic. External auditors and audit committees should take note, in addition to the pending requirements that audit committees more actively evaluate and oversee the activities of the external auditor. Game changers.  Dave Tate, Esq. (San Francisco / California)